These are 3 learning objectives to choose from Lesson 6 (Choose one learning objective from below)
- Explain international financial risk.
- Explain the three risks International transactions and how to minimize those risks.
- Commercial Risk
- Political Risk
- Foreign Exchange Risk (FX Risk)
- Explain international payment methods.
- Cash In Advance
- Letters Of Credit (Irrevocable)
- Collections (At Sight, or Against Acceptance)
- Open Account
Lesson 6: Financial Risk, Payment Methods, and Trade Finance
Nothing worries an exporter more than the prospect of shipping and export order, not receiving payment from the foreign buyer, and facing the prospect of collecting a bad Accounts Receivable from thousands of miles away. International finance is not overly difficult if you utilize the resources of your bank, your local trade resources and the federal government.
PLEASE FOLLOW THE INSTRUCTIONS ON THE ATTACHMENT. IT ALSO HAS THE EXAMPLE OF HOW THE ARTICLE REPORT SHOULD BE WRITTEN FORMAT WISE AT THE BOTTOM OF THE PAGE.